Fairfax-backed IIFL Finance is set to raise between $500 million and $750 million through external commercial borrowings and dollar bonds this March. The initiative seeks to diversify its funding sources and fuel business expansion. Discussions are ongoing with existing investors and banks in Singapore and Taiwan.
IIFL Finance, a non-banking financial company focused on gold loans and backed by Fairfax, has announced plans to secure funding amounting to $500-750 million. This fundraising effort, scheduled for this March, involves external commercial borrowings (ECBs) and dollar bonds. The company aims to broaden its funding base beyond traditional domestic sources, thereby supporting ongoing business growth.
Talks for this capital raise are in progress with current investors as well as financial institutions based in Singapore and Taiwan. The structure of the fundraising includes dollar-denominated loans and foreign currency social bonds, aligning with recent trends in the Indian ECB market, which saw record activity in FY25 following an increase in the Reserve Bank of India's external borrowing limits.
As a key player in the NBFC sector, IIFL Finance's move reflects a broader strategy among such firms to tap international markets for diversified funding. This follows their recent retail bond issue in February 2026, indicating continued efforts to strengthen their financial position amid evolving regulatory and market conditions.